EUR/JPY – 30M – SELL

The combination Euro/Japanese Yen (EUR/JPY) moves from the descending trendline downwards

A continuation of the bearish trend downwards to the next support line at 181.92700 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 182.547 could happen.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘%K crosses below %D’ indicator signal is detected. The indicator is ‘%K crosses below %D’. which is often a bearish signal. The currency pair could go down.

And also a ‘%K fall below 80’ indicator signal is detected. The indicator is ‘%K fall below 80’. which is often a bearish signal. The currency pair could go down.

And also a ‘StochRSI Bearish Divergence’ indicator signal is detected. The indicator is ‘StochRSI Bearish Divergence’. which is often a bearish signal. The currency pair could go down.

And also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

And also a ‘Three Inside Down’ chart pattern is detected. The chart forms ‘Three Inside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

182.547 – 182.615 – 182.641 – 181.92700 – 182.048 – 182.003 —
182.07400 – 182.46100 —
43.209785182539 – 58.282881427741 —
181.92700 – 1765432800 —
182.54700 – 1765402200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Inside Down – – – – – – – – –